In this era of global real estate investments, many tourists are attracted to destinations where there transactions or needs could be optimally met. Tourism arising from human needs in terms of recreation, conferencing, and other social events, health matters, international businesses, aviation and other transportation investments/transactions, political and cultural gains are all real estate based. In some countries within the African and Asian continents, huge capital has been borrowed and invested into tourism-based infrastructures especially over many years with reflective impacts on the beneficiary sector. I intend to develop a model framework the will enable the the performance evaluation of these tourism- based infrastructure/real estate investments for purposes of sustainability and management efficiency.
Alaka,
Evaluation from whose perspective? Short-term commercial profitability is not a useful yardstick for a considered evaluation. Unchecked and poorly planned tourism infrastructure is devastating mangrove and other important coastal habitats (e.g. in Mauritius, Kenya). The other consideration is land grabbing by powerful vested interests, particularly in economies where small, corrupt elites corner resources. Before any development, you need a comprehensive baseline study by impartial experts/professionals to 1) document and register indigenous, traditional and customary land rights 2) record the site's ecological profile 3) understand its historical and cultural significance. Next comes 4) a stakeholder analysis and 5) strategic environmental assessment 6) feasibility study of the proposed development. Please have a look at our article 'Smart Urban Regeneration..' (Cities, 2015 forthcoming)
You may have an interest in a paper we wrote on Vietnam's tourism industry including trade offs and stakeholder analysis: "When the tourists flew in: Strategic implications of foreign direct investment in Vietnam's tourism industry". The paper is available through my Contributions page below.
https://www.researchgate.net/profile/Usha_Haley2/contributions
Dear Alaka,
I would think in the following parameters:
(i) Number of beds / visitors (hotel investment) - Analysis of different type of rooms and hotels.
(ii) Number of beds / population (hotel investment)
(iii) Comparative of % GDP of tourism and % GDP real estate.
(iv) Airport and Port investment regarding population.
(v) % Foreigns buying vacation real estate.
Best regards and hoping you can have a nice paper.,
Jaume
Hi,
You may have a look to this recent paper on Hotel investments
Boom and Gloom
Journal of Finance, October 2016, (pages 2287–2332)PAUL POVEL, GIORGO SERTSIOS, RENÁTA KOSOVÁ and PRAVEEN KUMAR
Bes(t regards
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